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BSE IT
BSE IT Performance
-
Open
43,607.30
-
High
44,024.29
-
Low
43,402.07
-
Prev Close
43,537.83
-
Dividend Yeild
1.61%
-
P/E
34.59
Stocks Performance
Color code for Stocks Performance
- 5% and above
- 5% to 2%
- 2% to 0.5%
- 0.5% to -0.5%
- -0.5% to -2%
- -2% to -5%
- -5% and below
Constituent Companies
| Company | Market Cap | Market Price | Volume | Sector |
|---|---|---|---|---|
| Zensar Technologies Ltd | ₹17491 Cr |
₹768.2
(1.17%)
|
34693 | IT - Software |
| NELCO Ltd | ₹2981 Cr |
₹1306.45
(0.17%)
|
14362 | Telecomm Equipment & Infra Services |
| Wipro Ltd | ₹307804 Cr |
₹294.15
(0.17%)
|
554322 | IT - Software |
| Black Box Ltd | ₹11639 Cr |
₹692.5
(0%)
|
44555 | IT - Software |
| Tata Elxsi Ltd | ₹44471 Cr |
₹7140.2
(0.98%)
|
14404 | IT - Software |
BSE IT Sector Performance
Top Performing
| Sector Name | Percentage Change |
|---|
Under Performing
| Sector Name | Percentage Change |
|---|
BSE IT
The Information Technology (IT) sector is gaining prominence rapidly as the world is gradually stepping into complete digitization.
As India has become an IT hub for companies of all sizes, it is the ideal time to start investing in this sector. The increased dependency on IT in day-to-day life has led to rising demand for IT products and solutions. Thus, it is safe to say that investing in BSE IT indexes will only yield profitable returns.
The S&P BSE IT (Information Technology) is designed to provide investors with a benchmark that reflects companies that are listed on the S&P BSE AllCap and are involved in the information technology (IT) sector.
IT equities offer larger investment returns and simpler price trend prediction than stocks from other sectors. IT stocks are currently in high demand in the stock market.
BSE IT Scrip Selection Criteria
The following broad criteria should be followed while choosing SENSEX constituents:
● Listing Record: The stock must have a minimum of three months of BSE listing background. If the total market value of a recently listed firm falls within the top ten on the listing of BSE world, the standard minimum of three months is decreased to one month. A minimum listing record is not necessary if a firm is registered due to a merger, divestiture, or absorption.
● Trading Volume: During the previous three months, the scrip should’ve been exchanged on every other trading session. Dire situations, such as the stoppage of scrip, may warrant an exception.
● Market Cap Weightage: Depending on the three-month average free-float market cap, every scrip’s weightage in SENSEX must be a minimum of 0.5% of the IT index.
● Sector/Industry Representation: The selection of scrip would typically consider a true reflection of the BSE universe’s listed firms.
● Track Record: According to the Index Committee, the firm must have a respectable track history.
Other Indices
| Indices Name | Price | Price Change (% change) |
|---|---|---|
| India VIX | 14.45 | 0.08 (0.54%) |
| Nifty 10 Yr Benchmark G-Sec | 2447.16 | 5.62 (0.23%) |
| Nifty 10 Yr Benchmark G-Sec (Clean Price) | 894.8 | 1.91 (0.21%) |
| Nifty 100 | 25428.4 | 35.15 (0.14%) |
| Nifty 100 Equal Weight | 32585 | 61.05 (0.19%) |
Faqs
How many benchmark BSE IT indices are there?
The baseline indicator of the BSE in India is referred to as the “Sensex.” The Sensex, which measures the Indian economy, consists of 30 of the biggest and busiest equities on the BSE.
How many different BSE subtypes exist?
On BSE, there are as many as 23 groups. Some of them, nevertheless, may not apply to stocks. Fixed-income instruments and government securities are divided into different categories in the lending market.
What is the near future of IT shares?
Experts predict that impact on IT (information technology) shares will continue in the coming years as a result of a variety of causes, such as the volatile securities industry and the deteriorating economic circumstances in significant global economies.
What are the two best BSE IT stocks to invest in for the long term?
In the large-capitalization sector, the ideal IT stocks in India are:
● By market capitalization, TCS is by far the biggest IT business in India.
● Infosys, the second-largest producer of IT solutions in the nation, is a fantastic company to hold for the long term.
What is the reason behind the sudden downfall of IT stocks?
The majority of the profits made by Indian businesses come from their foreign customers. The state of the world markets has long been one of decline. The downturn has had the most impact on the IT businesses. The IT sector’s performance is directly correlated to how the international economy is performing right now.
Should I start investing in IT stocks?
The information technology sector is among India’s most important industries and a significant source of export earnings. By 2025, the market is anticipated to generate roughly 10% of GDP, up from its present 7.7% share.
Latest News
- Dec 04, 2024
The Indian equity markets experienced a mixed session on December 4, as benchmark indices Sensex and Nifty ended in a narrow range after erasing early gains due to volatility. While PSU banks and realty stocks outperformed, auto and FMCG sectors dragged the market.
- Dec 04, 2024
The Baroda BNP Paribas Children's Fund - Direct (G) is a unique investment scheme designed to help parents plan and secure their children’s financial future. This mutual fund offers a structured approach to long-term wealth creation, focusing on generating returns through a diversified portfolio of equity and debt instruments.
- Dec 04, 2024
The Adani Group, led by billionaire Gautam Adani, has reportedly sought a settlement with the Securities and Exchange Board of India (SEBI) regarding allegations of violating public shareholding regulations. According to a report by the Economic Times (ET), SEBI issued notices to several Adani entities, including Adani Enterprises, Adani Power, Adani Ports, and Adani Energy, accusing them of misclassifying certain shareholdings.
- Dec 04, 2024
The Samco Multi Asset Allocation Fund - Direct (G) is a dynamic investment vehicle designed to optimize returns across varying market conditions by strategically allocating assets among equities, debt, gold, and silver. Leveraging the proprietary R.O.T.A.T.E. (Return on Tangible Assets Through Economic Cycles) model, the fund adjusts its portfolio in real-time to capitalize on growth opportunities and manage risks effectively.
Latest Blogs
Nifty Prediction for 05th December 2024 After a choppy session on Wednesday, the Nifty index managed to close on a positive note at 24,467.45, registering a modest gain of 0.04%. Key gainers included HDFC Bank, Apollo Hospitals, NTPC, and HDFC Life, while major laggards were Bharti Airtel, Cipla, and Bajaj Auto, which fell nearly 2% during the day.
- Dec 04, 2024
The Property Share REIT IPO allotment status date is 05th December 2024. Currently, the allotment status is not available. It will be updated once the allotment process is finalized. Please check back later for the latest updates on the Property Share REIT IPO allotment status.
- Dec 04, 2024
Highlights 1. Mazagon Dock Shipbuilders shares have shown remarkable performance, doubling investor wealth in 2024. 2. Defence stocks in India rallied significantly following the DAC's approval of major acquisition proposals. 3. DAC ₹ 21,772 crore acquisition approval is set to bolster the order books of leading defence companies. 4. Mazagon Dock stock split 2024 aims to increase liquidity & attract more retail investors.
- Dec 04, 2024
Summary Suraksha Diagnostic IPO has closed with a moderate response from investors, achieving a final subscription of 1.27 times by December 3, 2024 at 6:19:07 PM (Day 3). The public issue demonstrated varied investor interest across categories, with the Qualified Institutional Buyers (QIB) segment leading the momentum.
- Dec 04, 2024
